Indian Restaurant and Takeaway in West London For Sale

End of terrace property, excellent trading position, WEST LONDON

Turnover £ 6,000
Price £125,000

Features

Modern Indian Restaurant (presently Not Serving Liquor)

Cutomer seating to the front for 8 people.

AIR CONDITIONED DOUBLE FRONTED PREMISES, in the region of 600 ft², WITH ELECTRIC SHUTTERS, tiled flooring, syspended ceiling with spotlights.

Customer reception area.

Tables and chairs seating 40 people.

Bar with 1 beer pump. Electronic cash register. Under counter fridges, ice machine, mirror backed shelving, wash hand basin, etc.

Stairs to Basement in the region of 325 ft².

KITCHEN - Stainless steel extractor, 6 burner hob, tandoori oven, bain marie, microwaves, plate warmer, 3 chest freezers, 3 large fridges, 3 under counter fridges, double sink and draines, stainless steel preparation table, etc.

Ladies and gentlemen's and cloakroom with toilet and sink

Turnover

WE ARE INFORMED by the owner the turnover currently averages £6,000 p.w. with a Gross profit of 60% approx. There is huge potential to boost turnover with the introduction of liquor sales.

Staff

The business is at present operated by the 2 partners with with 4 full time and 2 part time staff employed.

Trading Hours

7 Day week
MONDAY - SATURDAY 4 p.m. - 10 p.m.
FRIDAY 4 p.m. - 10.30 p.m.
SATURDAY 12 noon - 10.30 p.m.
SUNDAY 12 noon - 10 p.m.

Outside

Large, secure yard with bin store.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 15 years in 2019 with reviews every 5 years (next review 2029) at a current rent of £38,000 p.a.

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2024, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDOR'S EMIGRATING.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £125,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 62,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote